Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 140 units @ $51.80 per unit 245 units @ $56.80 per unit 300 units $86.80 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 105 units @ $61.80 per unit 190 units @ $63.80 per unit 170 units @ $96.80 per unit 470 units 680 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Date Inventory Balance Cost per # of units Inventory unit Balance 140 @ $ 51.80 $ 7,252.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Date Inventory Balance Cost per # of units Inventory unit Balance 140 @ $ 51.80 = $ 7,252.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Inventory Balance Weighted Average Perpetual: Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit # of units Cost per Inventory Balance unit 140 @ $ 51.80 $ 7,252.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase. Inventory Balance Specific Identification: Goods Purchased # of Date Cost per units unit March 1 # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold # of units Cost per Inventory Balance unit $ 51.80 = 140 @ $ 7,252.00 March 5 March 9 March 18 March 25 March 29